The Engines: Two Combined-Cycle Power Titans
The newly acquired assets are combined-cycle gas-fired power plants, tightly woven into the PJM Interconnection—a key regional transmission organization serving the Eastern U.S. These plants promise enhanced grid reliability, scalability, and flexibility, positioning Talen to become a leading supplier to hyperscale data centers and 24/7 commercial off-takers.
“With greater operational flexibility, proximity to key load pockets, and a proven track record in bilateral contracting, we’re poised to meet the evolving needs of high-growth sectors,” Talen said in its announcement.
Advisers Powering the Deal
The transaction is supported by a formidable legal and financial brain trust. Talen is legally advised by White & Case LLP and Kirkland & Ellis LLP, with financial backing and strategy from RBC Capital Markets and Citi.
Caithness Energy, the seller of Moxie Freedom, is advised by Paul Hastings LLP, while Simpson Thacher & Bartlett LLP counsels Global Infrastructure Partners. Cahill Gordon & Reindel LLP also contributed legal support.
